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Investment Promotion Act No. 8 of 1992.

País/Territorio
Papua Nueva Guinea
Tipo de documento
Legislación
Fecha
1992
Fuente
FAO, FAOLEX
Título completo
An Act to provide for the promotion of investment in the interests of national, social and economic development, and for that purpose to establish a body to be known as the Investment Promotion Authority; to define its powers and functions and to repeal certain Acts; and for related purposes.
Materia
General
Palabra clave
Legislación básica Negocios/industria/corporaciones Certificación Corte/tribunal Institución Relaciones internacionales/cooperación Monitoreo Infracciones/sanciones Registro Recopilación de datos/informes Fondo especial Comercio internacional Fortalecimiento de la capacidad
Área geográphica
Asia y Pacifico, Melanesia, Oceania, Pequeños estados insulares en desarrollo, Pacífico Sur
Entry into force notes
This Act enters into force on the day the Notice is published in the Official Gazette.
Resumen

This Act lays down rules for promoting and facilitating investment in the country by citizen and foreign investors; granting a foreign investment certificate to a foreign enterprise; defining the activities open to a foreign investor; registering foreign investment opportunities; promoting investments which contributes to the country and its people in terms of economic growth, employment generation, utilization domestic resources and, in particular, renewable resources, skills development, increase in the volume and value of exports, development of remote areas of the country, increased ownership of investment by citizen, reduction of the dependency on import; monitoring the impact of investment and the activities of enterprises; and establishing the Investment Promotion Authority to assist the State in achieving the purposes of this Act. The Investment Promotion Authority encourages and facilitates investment in the country by assisting investors to obtain all necessary licences, compliances and approvals, monitors the activities of foreign enterprises so as to determine whether or not a foreign enterprise is certified and complies with the terms and conditions of its certificate to carry on business in the country, maintains a register of foreign investment opportunities, and facilitates citizen participation in investment and in the ownership of national and foreign enterprises. Moreover, this Act sets out provisions on the establishment and functions of the Board under the Investment Promotion Authority, funds of the Authority, application and evaluation procedures for certification of foreign enterprise to carry on business in the country, cancellation and suspension of certification, business activities reserved for citizens and national enterprises, keeping a register to be known as the Register of Certificates by the Authority, application and evaluation procedures for certification for permitting a foreign enterprise to acquire a relevant interest in a national enterprise or in a citizen enterprise, investment guarantees to the foreign investor which is accorded under any bilateral or multilateral agreement to which the State is a party, the convention establishing the multilateral investment guarantee agency, international centre for settlement of investment disputes, appeal from a decision of the Board of the Authority, and offences and penalties and prosecution of any offence against this Act by the Authority.

Texto completo
Inglés
Página web
investmentpolicy.unctad.org

Referencias - Legislación

Implementado por

Investment Promotion Regulation 1992.

Legislación | Papua Nueva Guinea | 1992 (2002)

Palabra clave: Negocios/industria/corporaciones, Certificación, Corte/tribunal, Patrimonio cultural, Pueblos indígenas, Comercio interior, Comercio internacional, Registro, Derechos/cánones, Pequeños agricultores/campesinos, Reciclado/reutilización, Turismo, Acuicultura, Animales acuáticos, Pesca artesanal, Ordenación de áreas costeras, Crustáceos, Manejo y conservación pesquera, Peces de agua dulce, Pesca continental, Pesca marítima, Peces marinos, Moluscos, Servicio forestal/oficiales forestales, Especies forestales, Materiales de propagación/semillas, Procesamiento/manipulación, Madera, Corte y extracción/explotación forestal, Valoración de tierras, Levantamiento topográfico/cartografía, Producción animal, Aves de corral, Minería, Cultivos/praderas, Floricultura, Producción vegetal, Transporte/depósito, Caza/captura, Insectos, Protecíon de las especies, Tortugas, Fauna silvestre, Productos silvestres

Fuente: FAO, FAOLEX

Enmendado porr

Investment Promotion (Amendment) Act 2022 (No. 20 of 2022).

Legislación | Papua Nueva Guinea | 2022

Palabra clave: Negocios/industria/corporaciones, Certificación

Fuente: FAO, FAOLEX

Investment Promotion (Amendment) Act 2023 (No. 2 of 2023).

Legislación | Papua Nueva Guinea | 2023

Palabra clave: Autorización/permiso, Negocios/industria/corporaciones, Certificación, Corte/tribunal, Recopilación de datos/informes, Fraude, Institución, Comercio interior, Comercio internacional, Infracciones/sanciones, Registro, Pequeños agricultores/campesinos

Fuente: FAO, FAOLEX